Hello my fellow Tip.it'ers, both old and new!

 

For those of you who don't know me (which would be most), Greetings!

For those of you who do know me, I am back!

 

This blog is entirely and purely intellectual, some pictures will be added as time goes on, but as I said, it is intellectual -- a way for me to document my progress as I work.

 

Brief Background:

I have been gone from RS for about 6 months or so and have decided to come back.

Reasons:

• I have been trading on the Stock Exchange and have decided I miss the enjoyment of merchanting on the RS Grand Exchange.
  
• I miss a few of my friends from back in the day.
  

Those are pretty much the only reasons.

 

Down to Business:

Seeing as I said I above that I am back for predominantly one reason: TO MERCHANT, that is what I plan to do, and for the most part, only do.

One of the main reasons why I previously quit was because I had worked almost non-stop for 2 of my now 3 99's (RC'ing and FM'ing). Though I am glad I got these 99's, I will not be making or planning on doing any skill goals anytime (if at all) soon.

 

So, here's my goal/proposal. I am going to be working on merchanting, and almost nearly only merchanting.

Here are my goals:

• To maintain a bank of 1M (gp) or more as a base value (every month this will increase by 1000% requirement).
  

Example:

First Month: 1M gp

Second Month: 10M gp

Third Month: 100M gp

And so on.

• Produce 20% gain on my day's starting value, every day that I merchant.
  

Example:

Day One:

Starting Value: 1.5M gp

20% of Starting Value: 300k gp

Anticipated Ending Value: 1.8M gp (or more)

 

Banking Proposal:

As many of you know, if you deposit money into a bank over time you recieve a certain amount of interest (now a days it is very little in real-life banks). So here is my proposal, I become the bank.

 

Here's how this would work:

Being a merchant I make money from money (similar to the ways that banks make money) and so let's say you "deposit" 100k gp in my "bank", you would receive a 10% interest rate per month on that money, so at the end of the month either (A you could remove the money with a 10k gp bonus (a total of 110k gp) or (B you could "resubmit" the money back into my "bank" for the next month.

 

Disclaimer: SUBMITTING INTO MY BANK IS ENTIRELY UP TO YOU AND IS ENTIRELY A TRUST TRADE, I WILL ONLY RECEIVE MONEY FROM THOSE I AM CERTAIN TRUST ME ENTIRELY.

 

Here are my rules:

• You may only submit 10% of my entire bank worth.
  

Example:

Bank Worth: 10M gp

Maximum Submission Amount: 1M gp

 

My reasons for this is if I happen to ever have loses and need to pay interest I will never be using anyone's money to pay off anyone else, and thus everyone wins in the long term (except for me if worse were to come to worse).

 

If you wish to take part in this banking opprotunity please fill out this form and message me ON THIS FORUM (we can discuss more in game PM if you would like further information, etc.).

Name:
In-game Username:
Account Number: (this will be given to you upon your first deposit)

Amount Deposit:

 

 

Donations!

Being the kind of person I am, I will always accept free money, if you would like to donate, PM me and let me know! I could use all the help I can get!

 

Donors:

None as of yet.

 

 

 

I hope you guys enjoy watching as I grow in understanding (and money) and maybe you guys will grow in the same aspects!

 

 

Hold fast, dear friends!

Nate (Crazy Nine)

Since your banking idea relies on trust trading and your skill as a merchant, not sure it'd work.

Since your banking idea relies on trust trading and your skill as a merchant, not sure it'd work.

 

Seeing as that is literally how every single (or nearly every single) bank in the world works, it's not that big of a deal.

Also, at this moment I literally expect no one to "invest" in me yet, which is fine seeing as I have little to no proof of my work, but it is there none the less

 

 

I will be posting closing amounts for today later this evening (expect ~10PM EST).

 

 

Day 1 230113:

 

Opening Value: 705,113 gp

20% of Opening Value: 141,022 gp

Anticipated Ending Value: 846,135 gp

Actual Ending Value:

% increase:

Since your banking idea relies on trust trading and your skill as a merchant, not sure it'd work.

Seeing as that is literally how every single (or nearly every single) bank in the world works, it's not that big of a deal.

Except that every single [legitimate] real world bank is regulated and registered to prevent them from running off with your money. Not saying you will scam people, but i don't even trust my best friends on RS with my GP so I doubt your banking idea will take off.

 

That said, I support your goal and with you luck merchanting. 20% profit margins are very ambitious.

Since your banking idea relies on trust trading and your skill as a merchant, not sure it'd work.

Seeing as that is literally how every single (or nearly every single) bank in the world works, it's not that big of a deal.

Except that every single [legitimate] real world bank is regulated and registered to prevent them from running off with your money. Not saying you will scam people, but i don't even trust my best friends on RS with my GP so I doubt your banking idea will take off.

 

That said, I support your goal and with you luck merchanting. 20% profit margins are very ambitious.

 

I assume you to be the type of person who does not take any risks in this game then (maybe I am wrong, just a guess though).

When I played earlier I recieved nearly 30M gp in donations from friends, so if friends are willing to do that, I am sure some would be willing to "invest."

 

But thank you so much!

 

It is, but that's the point, no?

I think I am at 18% today, already.

Late Update:

 

Day 1 230113:

 

Opening Value: 705,113 gp

20% of Opening Value: 141,022 gp

Anticipated Ending Value: 846,135 gp

Actual Ending Value: 1,020,064 gp

% increase: ~45%

 

 

Holy crap wasn't expecting that much of a gain.

I assure you guys, that tomorrow (or further merchanting days) will not be so profitable.

Nine! Nine! HAI!

 

Good luck with the goal.

Nine! Nine! HAI!

 

Good luck with the goal.

 

Bbbyyyyy.

Hai.

 

Thanks. <3:

Interesting to see a blog that focuses on Merchanting, and not Skilling. Best of luck with your goals :)

Give me ma hollar once you reach 50M-100M, i will be more than glad to invest 5-10M. But yeah, probably getting 20% gains per day at 10M+ will be a lot more difficult than doing 40% up to 3M or so I will be following your blog with interest and I wish you the best of luck. :)

Interesting to see a blog that focuses on Merchanting, and not Skilling. Best of luck with your goals :)

 

Well, fair warning, I may end up adding skilling things as I get become interested in the game again (I'm looking at you PoP), but as of right now, that's all my focus is. Thank you so much!

 

 

Give me ma hollar once you reach 50M-100M, i will be more than glad to invest 5-10M. But yeah, probably getting 20% gains per day at 10M+ will be a lot more difficult than doing 40% up to 3M or so I will be following your blog with interest and I wish you the best of luck. :)

 

Will do!

Yeah, it'll be an adventure, prior to quitting I had about 40M cash and did some decent merchanting (usually was able to make ~1M a day), but it could be more of a challenge, or depending on how things run, it could be really easy. My success is very dependent on the fluctuations of items, so if JAGeX goes update happy that could be very good for me or very bad.

 

Anyways, both of you, thank you so much for the support!

 

 

Day 1 230113:

 

Opening Value: 1,020,064 gp

20% of Opening Value: 204,012 gp

Anticipated Ending Value: 1,224,076 gp

Actual Ending Value:

% increase:

 

EDIT: Going to experiment some with some new items (ones I have not used previously very much) so there is a high-chance of today coming away with loses; also I will not count this as a full day seeing as my playing time will be cut short because of school.

 

EDIT2: May or may not have been briefly distracted by PoP for the day, don't expect much profit today.